NOT LISTED FOR SALE

1206 Palm Ave Chico, CA 95926

Chico Vecino Neighborhood
1 Bed
1 Bath
8,460 Sq Ft
0.49 Acres

Last Sold November 12, 2013

Last sale price $780,000 $92 Per Sq Ft

50 Days on Market

About This Home

As of November 2013

This property consists of 13 units located in Chico CA. All apartments are downstairs one bedroom, one bath units. A laundry room is shared by all units located at the rear of the building. Units have kitchens equipped with range, stove and refrigerator. All units are occupied and leased on a month to month basis at $550. Property is near bus routes and within a short bike or walking distance to downtown Chico, shopping and grocery stores. Most tenants are long term and turnover is very low. All but one unit has their own utility meters. Currently being used for senior housing.

Last Agent to Sell the Property

Ryan Vaught

Ryno Company License #01444141 Listed on: 06/17/2013

Last Buyer's Agent

Ryan Vaught

Ryno Company License #01444141 Listed on: 06/17/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.49 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • 8,460 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 10 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 003111013000

Community Details

Overview

  • 2 Buildings
  • 13 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 13 Separate Water Meters
  • Electric Expense $750
  • Insurance Expense $2,840
  • Maintenance Expense $6,000
  • Professional Management Expense $5,148
  • Trash Expense $1,500
  • Water Sewer Expense $3,500
  • New Taxes Expense $7,878
  • Gross Income $7,200
  • Net Operating Income $45,098

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.78
  • Inclusions: fridges
  • Professional Management Expense: 5148.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3500.00
  • Property Type: Residential Income
  • Parcel Number: 003111013000
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 92.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 21344.00
  • Lot Size Acres: 0.4900

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 7200.00
  • Gross Multiplier: 9.03
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 2840.00
  • Lot Size Area: 21344.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 45098.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 13
  • Number Of Units Total: 13
  • Number Wall A C: 13
  • Number With Carpet: 13
  • Number With Range: 13
  • Number With Refrigerator: 13
  • Operating Expense: 38710.00
  • Operating Expense Percent: 45.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7878.00
  • Tax Year: 2012

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2013 11/12/13 Sold $780,000 0.0% $92 / Sq Ft
08/06/2013 08/06/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $780,000 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Vaught

    Seller's Agent in 2013

    Ryan Vaught

    Ryno Company

    (530) 343-2959

    3 in this area

    19 Total Sales

    Ryan Vaught
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH13116035

California Regional Multiple Listing Service (CRMLS)

California Butte County Chico 95926 Chico Vecino

1206 Palm Ave, Chico, CA

This home is located at 1206 Palm Ave, Chico, CA 95926 since 17 June 2013. This property was built in 1976. 1206 Palm Ave is a home located in Butte County with nearby schools including Citrus Avenue Elementary School, Chico Junior High School, and Chico High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes